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July 20 (Reuters) – Royal Mail’s parent group International Distributions Services (IDS) (IDSI.L) appointed Martin Seidenberg, CEO of the group’s international parcels network, as its new group CEO on Thursday.
Seidenberg, who previously spent 15 years at Deutsche Post DHL, joined GLS in 2015 and has been a member of the board since April 2021.
Seidenberg will be appointing CEOs for the two units – its UK business Royal Mail and GLS – in due course, the company said.
In a separate statement, IDS kept its outlook unchanged and said it was still targeting an adjusted operating profit for the group this financial year.
Royal Mail saw total revenue fall 4% in the first quarter, while GLS clocked revenue growth of 7.4%.
Reporting by Yadarisa Shabong in Bengaluru; Editing by Dhanya Ann Thoppil and Janane Venkatraman
Our Standards: The Thomson Reuters Trust Principles.
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